Chinese smartphone maker Xiaomi, dubbed the â€˜Apple of the Eastâ€™, was once the most valuable startup in the world. In 2014 it was valued at $45 billion following a funding round of $1.1 billion and it was expected this valuation could more than double to over $100 billion over the next few years. But just 18 months on from that moment itâ€™s a very different story with its value plummeting to just $4 billion. So where did it go wrong for Xiaomi.Aug 19, 2016